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How long does it take for a bank account application to be approved?

If youre referring to the actual process of applying, it can be as fast as 15 minutes or so. Approvals, however, may take anywhere from an instant to a couple days, especially at brick-and-mortar banks. Also, it can take a week or more to get physical checks and/or a debit card by snail mail.

How long does it take to open a bank account in Hong Kong?

The specific criteria you have to fulfill when opening a bank account in Hong Kong as a non-resident vary from bank to bank. In general, however, it is much easier to do so in Hong Kong rather than in Europe or the US. The procedure takes up to two weeks and your application is highly unlikely to be denied.

How much do I need to open a bank account in Hong Kong?

This is often around 50 to 150 HKD. However, you can sometimes avoid this fee by keeping a certain balance in your account. Some account types, such as very basic bank accounts, may not have any maintenance fees. Youll also need a minimum balance to open your account, which is usually around 10,000 HKD.

How long is the bank process?

Usually within two business days for personal checks but up to seven for some accounts. Usually one business day for government and cashiers checks and checks from the same bank that holds your account.